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Used vehicles increased 0.4% in value in April, as buyers boosted the value of smaller cars, which have begun to shrug off several years of heavier declines, according to Black Book.
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GAINESVILLE, GA - Even though auction activity increased week over week, there were some interesting changes within the market values for the week. The softening in values continues as only 11 percent of all adjustments were increases to the previously published value.
Read More →Analysts say a late start to the spring selling season could be to blame for a third consecutive monthly decline in Black Book’s Used Vehicle Retention Index.
Read More →In the car segment, luxury and sporty cars decreased the most in value last week, while mid-size vehicles showed a slight increase in value
Read More →Overall, average wholesale car segment values declined 0.76% last week, compared to 0.63% the week before. Overall, truck segment values declined 0.48%, compared to 0.39% the week before.
Read More →At a depreciation rate of 0.94%, prestige luxury cars experienced the biggest drop in average wholesale value among all cars compared to the week before. Premium sporty cars posted the second-highest decline at 0.83% depreciation.
Read More →Average wholesale car values were up last week, representing the second consecutive week of growth for cars, according to Black Book’s April 2 Market Insights report.
Read More →Economic growth and positive consumer sentiment helped drive June’s depreciation rates to the lowest levels seen in five years, according to Black Book.
Read More →Smaller cars, including sub-compact cars and compact cars, are two of the three vehicle segments displaying the greatest single-month drop in value, according to the recent Black Book Market Insights report.
Read More →GAINESVILLE, GA - he strength of the used market going forward is expected to be less aggressive than the current market levels.
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